AACQ definition
Examples of AACQ in a sentence
Such schedule shall identify sufficient proposed cargoes in order to schedule the full AACQ, and such AACQ shall be distributed across the Contract Year in accordance with Section 5.
The AACQ for each Contract Year shall be scheduled in the ADP in two tranches (each a “Tranche”).
Subject to adjustments for major scheduled maintenance, the first (1st) Tranche shall consist of not less than fifty percent (50%) and not more than sixty percent (60%) of the AACQ, and the second (2nd) Tranche shall consist of the remainder of the AACQ.
The AACQ for each Contract Year shall be scheduled in the ADP in two (2) tranches (each a “Tranche”).
Subject to adjustments for major scheduled maintenance, partial Contract Years, and the Contract Year in which the Second DFCD occurs, the first (1st) Tranche shall consist of not less than fifty percent (50%) and not more than sixty percent (60%) of the AACQ, and the second (2nd) Tranche shall consist of the remainder of the AACQ.
If, during the development of the Annual Delivery Program for a Contract Year, it appears that the delivery during such Contract Year of the ACQ would require Seller to make available and Buyer to take a quantity of LNG that is less than a full cargo lot (such quantity, the “Round-Down Quantity”), then Seller may decrease the ACQ by a quantity of LNG sufficient to deliver the AACQ in full cargo lots.
Seller shall provide for delivery of the AACQ in accordance with Section 5.3. Such schedule shall also indicate the ACQ for the applicable Contract Year.
In such case, the Seller Group or the Seller shall not be deemed to have failed to make any part of the AACQ available as to any such suspended quantities (and, for the avoidance of doubt, the provisions of Clause 7.6 shall not apply nor shall such suspended Quantities form part of the Cargo Deliver or Pay Quantity).
Subject to adjustment for the Contract Year in which the Second DFCD occurs, with respect to each Contract Year, the AACQ for the relevant Contract Year shall be scheduled for delivery in the relevant ADP on a reasonably even and ratable basis throughout the relevant Contract Year, taking into consideration planned maintenance at the Driftwood LNG Terminal.
In such case, the Buyer shall not be deemed to have failed to take any part of the AACQ as to any such suspended quantities (and, for the avoidance of doubt, the provisions of Clause 7.4 shall not apply nor shall such suspended Quantities form part of the Cargo Take or Pay Quantity).